Vornado Realty Trust Management
Management criteria checks 2/4
Vornado Realty Trust's CEO is Steve Roth, appointed in Apr 2013, has a tenure of 11.75 years. total yearly compensation is $26.84M, comprised of 3.7% salary and 96.3% bonuses, including company stock and options. directly owns 1.65% of the company’s shares, worth $137.12M. The average tenure of the management team and the board of directors is 5.8 years and 15.2 years respectively.
Key information
Steve Roth
Chief executive officer
US$26.8m
Total compensation
| CEO salary percentage | 3.7% |
| CEO tenure | 11.8yrs |
| CEO ownership | 1.7% |
| Management average tenure | 5.8yrs |
| Board average tenure | 15.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$54m |
| Jun 30 2024 | n/a | n/a | US$18m |
| Mar 31 2024 | n/a | n/a | US$29m |
| Dec 31 2023 | US$27m | US$1m | US$43m |
| Sep 30 2023 | n/a | n/a | -US$389m |
| Jun 30 2023 | n/a | n/a | -US$434m |
| Mar 31 2023 | n/a | n/a | -US$430m |
| Dec 31 2022 | US$10m | US$822k | -US$409m |
| Sep 30 2022 | n/a | n/a | US$96m |
| Jun 30 2022 | n/a | n/a | US$126m |
| Mar 31 2022 | n/a | n/a | US$123m |
| Dec 31 2021 | US$10m | US$825k | US$101m |
| Sep 30 2021 | n/a | n/a | -US$119m |
| Jun 30 2021 | n/a | n/a | -US$104m |
| Mar 31 2021 | n/a | n/a | -US$350m |
| Dec 31 2020 | US$11m | US$544k | -US$349m |
| Sep 30 2020 | n/a | n/a | US$53m |
| Jun 30 2020 | n/a | n/a | US$323m |
| Mar 31 2020 | n/a | n/a | US$3b |
| Dec 31 2019 | US$11m | US$880k | US$3b |
| Sep 30 2019 | n/a | n/a | US$3b |
| Jun 30 2019 | n/a | n/a | US$3b |
| Mar 31 2019 | n/a | n/a | US$583m |
| Dec 31 2018 | US$12m | US$1m | US$384m |
Compensation vs Market: Steve's total compensation ($USD26.84M) is above average for companies of similar size in the US market ($USD7.98M).
Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.
CEO
Steve Roth (82 yo)
11.8yrs
Tenure
US$26,843,514
Compensation
Mr. Steven Roth, also known as Steve, has been the Chairman Emeritus at JBG SMITH Properties since May 13, 2021. He has been the Chairman of the Board and Chief Executive Officer at Vornado Realty Trust, G...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 11.8yrs | US$26.84m | 1.65% $ 137.1m | |
| President & CFO | 5.8yrs | US$17.24m | 0.12% $ 9.7m | |
| Executive VP of Office Leasing & Co-Head of Real Estate | 18yrs | US$14.81m | 0.033% $ 2.7m | |
| Executive VP of Development & Co-Head of Real Estate | 9.7yrs | US$14.21m | 0.015% $ 1.2m | |
| Executive VP & Head of Retail | 5.8yrs | US$9.44m | 0.20% $ 17.0m | |
| Senior Vice President of Operations | no data | no data | no data | |
| Senior VP & Chief Accounting Officer | 3.2yrs | no data | no data | |
| Chief Information Officer & Executive VP | 19.3yrs | no data | no data | |
| Executive VP of Finance & Chief Administrative Officer | 4.1yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP | no data | no data | no data | |
| Executive VP and Head of Tax & Compliance | 3yrs | no data | no data |
5.8yrs
Average Tenure
54yo
Average Age
Experienced Management: VNO.PRM's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 46yrs | US$26.84m | 1.65% $ 137.1m | |
| Independent Trustee | 6yrs | US$222.55k | 0.0080% $ 661.0k | |
| Independent Trustee | 46yrs | US$212.55k | 0.21% $ 17.4m | |
| Independent Trustee | 46yrs | US$212.55k | 1.22% $ 100.8m | |
| Trustee | 28.1yrs | US$421.70k | 0.69% $ 57.2m | |
| Independent Trustee | 8.1yrs | US$267.55k | 0% $ 0 | |
| Independent Director | 2.8yrs | US$217.02k | 0% $ 0 | |
| Lead Independent Trustee | 17.3yrs | US$317.55k | 0.018% $ 1.5m | |
| Independent Trustee | 13yrs | US$267.55k | 0.029% $ 2.4m | |
| Independent Trustee | 4.8yrs | US$242.55k | 0% $ 0 |
15.2yrs
Average Tenure
70yo
Average Age
Experienced Board: VNO.PRM's board of directors are seasoned and experienced ( 15.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 07:31 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Vornado Realty Trust is covered by 32 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| Ross Smotrich | Barclays |
| Brendan Lynch | Barclays |